L-3 COMMUNICATIONS
(LLL-NYSE):
Technical Viewpoint: From a low
of $69.21 on Nov 23, 2004 prices
rallied, reaching a
high of $75.56
on Dec 7, 2004. A
decline saw prices pull back, reaching a
low of
$72.90 on Dec 9, 2004.
Another rally saw prices penetrate
resistance, closing 12/17/04
at $75.83. Technicals: RSI Index (RSI): A Buy Alert!
was given on Dec 17, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $74.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 17, 2004. A P&F upside
reversal takes place at $74.00. Summary: Technical indicators have turned bullish. BUY! L-3 COMMUNICATIONS
(LLL-NYSE) @ $76.13 Stop: Use a protective stop of $73.38.
L-3 COMMUNICATIONS is currently trading @ $75.83 plus $1.12 on Dec 17, 2004. Price Objective:
$89.50. Risk/Reward: $2.75 VS. $13.37. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$89.50
Risk/Reward:
$2.75 VS. $13.37
Risk/Reward Ratio:
5:1
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